QQQ vs SPTE
Invesco QQQ Trust, Series 1 vs SP Funds S&P Global Technology ETF
Which is better, QQQ or SPTE?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. SPTE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 66.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | SPTE |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.55% |
| AUM | $483.5B | $231M |
| Dividend Yield | 0.44% | 0.71% |
| Holdings | 107 | 106 |
| YTD Return | +21.71% | +40.95%Best |
| 1Y Return | +25.89% | +48.04%Best |
| 3Y Return (annualized) | +28.80% | - |
| 5Y Return (annualized) | +15.67% | - |
| Volatility (annualized) | 16.9%Best | 22.0% |
| Max Drawdown | -22.8%Best | -25.6% |
| $10,000 over 2.8 years | $19,317 | $25,165Best |
| Top 10 Weight | 46.5%Best | 66.3% |
| Fund Family | Invesco (US) | SP Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Nov 30, 2023 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 1, 2023 to Sep 25, 2026 (2.8 years).
QQQ vs SPTE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
QQQ vs SPTE Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and SP Funds S&P Global Technology ETF (SPTE) is an ETF from SP Funds. Over the past year QQQ returned +25.89% while SPTE returned +48.04%. Year to date, QQQ is up 21.71% versus a gain of 40.95% for SPTE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPTE has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 16.9% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.8% for QQQ and -25.6% for SPTE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPTE charges 0.55%. On a $10,000 position that is $18 vs $55 annually, a gap of $37 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.71% for SPTE.
Holdings Overlap
51.0% of QQQ's money is in holdings SPTE also owns. 52.5% of SPTE's money is in holdings QQQ also owns.
The two portfolios partly overlap.
31 positions in common, counted across the 102 positions we hold weights for in QQQ and 102 in SPTE, against full books of 107 and 106.
What only one of them owns
Our book lists 40 positions for SPTE that do not appear in our book for QQQ (8.2% of the fund), and 66 for QQQ that do not appear in SPTE (47.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPTE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 11.72% | 3.28% |
| AAPLApple, Inc | 7.27% | 11.56% | 4.29% |
| MSFTMicrosoft Corp | 5.76% | 8.89% | 3.13% |
| AVGOBroadcom Inc | 3.16% | 4.37% | 1.21% |
| MUMicron Technology, Inc. | 4.43% | 2.71% | 1.72% |
| AMDAdvanced Micro Devices Inc | 3.45% | 1.87% | 1.58% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.10% | 1.09% | 1.01% |
| AMATApplied Materials, Inc. | 1.86% | 0.89% | 0.97% |
| LRCXLam Research Corp 3.125 06/15/2060 | 1.69% | 0.92% | 0.77% |
| SHOP:CAShopify Inc | 0.77% | 1.66% | 0.89% |
52.5% of SPTE is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or SPTE?
QQQ has an expense ratio of 0.18% while SPTE charges 0.55%. QQQ is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, QQQ or SPTE?
Over the past year QQQ returned +25.89% vs +48.04% for SPTE, so SPTE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPTE?
SPTE has been the more volatile fund at 22.0% annualized versus 16.9% for QQQ. Worst drawdown: QQQ -22.8% vs SPTE -25.6%.
Should I hold both QQQ and SPTE?
QQQ and SPTE have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and SPTE?
52.5% of SPTE's money is in holdings QQQ also owns. 52.5% of SPTE's is in holdings QQQ also owns. They hold 31 positions in common, counted across the 102 positions we hold weights for in QQQ and 102 in SPTE.
Which pays a higher dividend, QQQ or SPTE?
QQQ yields 0.44% while SPTE yields 0.71%, so SPTE currently pays the higher dividend yield.
Is SPTE better than QQQ?
QQQ has a lower expense ratio. SPTE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 66.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.